Guideline Value for Kamaraj Street

Kamaraj Street guideline value

The current guideline value of Kamaraj Street in Kannanthangal village is Rs 110 per sq.ft, effective from 1 July 2024. This property falls under the Sriperumpudur SRO and is classified as Residential Class II Type - I.

How the guideline value of Kamaraj Street has changed

The guideline value for Kamaraj Street has seen several revisions over the years. In the 2012 revision, the rate was Rs 100 per sq.ft, which then decreased to Rs 67 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 100 per sq.ft in the 2023 revision, and currently stands at Rs 110 per sq.ft from the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kannanthangal

Kannanthangal village has 22 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 100 to Rs 900 per sq.ft. The median value among these streets is Rs 110 per sq.ft, which is equal to the current guideline value of Kamaraj Street.

• Kambar Street: Rs 110 per sq.ft (2024)
• Jeyandra Nagar: Rs 200 per sq.ft (2024)
• Jesus Garden: Rs 200 per sq.ft (2024)
• Jemi Kannanthangal New Town: Rs 250 per sq.ft (2024)
• Kulakkarai Street: Rs 100 per sq.ft (2024)
• Mahidhara Supreme Elegant: Rs 900 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Street

For a 1,000 sq.ft plot at the current guideline value of Rs 110 per sq.ft, the total guideline value amounts to Rs 1,10,000. The stamp duty at 7% would be Rs 7,700, and the registration fee at 2% would be Rs 2,200, totaling Rs 9,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamaraj Street?

Kamaraj Street is covered by the Sriperumpudur Sub Registrar Office located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kannanthangal

The guideline value is a crucial factor in the registration process when buying or selling property in Kannanthangal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kamaraj Street?

The current guideline value of Kamaraj Street is Rs 110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023, and is currently Rs 110 per sq.ft in 2024.

What is the land classification of Kamaraj Street?

Kamaraj Street is classified as Residential Class II Type - I under the Sriperumpudur SRO.

Where can I find the registration office for Kamaraj Street?

The registration office covering Kamaraj Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Kannanthangal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 1,10,000, the stamp duty would be Rs 7,700 at 7%.